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Uber- and Nvidia-backed Serve Robotics ends Nasdaq debut down 22%

  • Serve Robotics, a sidewalk delivery robots company backed by Uber and Nvidia, had a disappointing debut on the Nasdaq.
  • Shares closed more than 22% below the $4-per-share listing price on the first day of trading.
  • Serve Robotics offers delivery robots that can carry up to 50 pounds of merchandise and operate autonomously in most situations.
  • The company provides robotic food delivery services for Uber Eats, with thousands of robots deployed in Los Angeles and San Francisco.

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